Overview
What is Sheldon Oak Central Inc?
Sheldon Oak Central Inc is a dedicated nonprofit organization based in Connecticut. Their primary mission is to cater to the housing needs of at-risk populations, encompassing the elderly, individuals with disabilities, minorities, and those with low to moderate incomes. Through their initiatives, they offer both new and refurbished housing options. Their ultimate goal is to expand the availability of low-income housing within the state of Connecticut.
Official website here: www.sheldonoak.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Sheldon Oak Central Inc has received a solid Three-Star rating from Charity Navigator, with an overall score of 88%. This rating primarily reflects the organization's strong accountability and finance practices, with a 100% rating for having an independent board. The charity demonstrates transparency and proper oversight through its financial statements and the absence of any material diversion of assets.
The nonprofit excels in several areas, including its program expense ratio, which stands at 83.68%, indicating that a significant portion of its funds are directed towards its programs. Additionally, the organization has established a conflict of interest policy and maintains proper documentation for board meetings. These elements contribute to its overall financial health and governance.
However, the organization has some limitations, including the absence of a whistleblower policy and document retention and destruction policies, which received a score of zero in those categories. While these points do not significantly detract from its overall performance, they highlight areas for potential improvement in governance and compliance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Sheldon Oak Central Inc legitimate?
Sheldon Oak Central Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sheldon Oak Central Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $146,366
Professional Fundraising Fees: $0
Other Salaries and Wages: $746,981
For more financial information, click here
Official website here: www.sheldonoak.org
What is the mission statement of Sheldon Oak Central Inc?
Sheldon Oak Central Inc is committed to providing new and rehabilitated housing to cater to the needs of vulnerable populations. These groups include the elderly, individuals with disabilities, minority communities, and individuals with low to moderate incomes. The organization's mission extends beyond merely providing housing; it also aims to promote the development of low-income housing within the state of Connecticut. Sheldon Oak Central Inc's programs are geared towards addressing the housing needs of at-risk populations, thereby contributing to a more inclusive and equitable society.
Official website here: www.sheldonoak.org
Who is the CEO of Sheldon Oak Central Inc?
Emily Wolfe is the President of Sheldon Oak Central Inc.
Official website here: www.sheldonoak.org
What is the revenue of Sheldon Oak Central Inc?
Sheldon Oak Central Inc's revenue in 2022 was $2,735,512.
Official website here: www.sheldonoak.org
Who are the executives of Sheldon Oak Central Inc and what are their salaries?
The average compensation at Sheldon Oak Central Inc during 2022 was $297,782. There are 3 employees at Sheldon Oak Central Inc.
Here are 8 key members and their salaries:
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- Compensation: $122,233
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- Other: $24,133
Official website here: www.sheldonoak.org
Where can I find the form 990 for Sheldon Oak Central Inc?
Sheldon Oak Central Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sheldonoak.org
Learn more at the official website: www.sheldonoak.org
Mission Statement of Sheldon Oak Central Inc
Sheldon Oak Central, a non-profit organization, is dedicated to providing new and rehabilitated housing to cater to the needs of at-risk populations. These populations encompass the elderly, individuals with disabilities, minorities, and individuals with low to moderate incomes. The primary objective of Sheldon Oak Central is to expand the availability of affordable housing within the state of Connecticut. By offering such housing solutions, the organization aims to contribute to the well-being and stability of these vulnerable populations, thereby enhancing their overall quality of life.
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Impact
July, 2024
Sheldon Oak Central Inc's impact is significant in providing new and rehabilitated housing to meet the needs of at-risk populations in Hartford, CT. Their focus on serving elderly, handicapped, minorities, and low & moderate income individuals has helped address the critical need for affordable housing in the state of Connecticut. By furthering low income housing initiatives, Sheldon Oak Central Inc is making a tangible difference in improving the quality of life for vulnerable populations in their community.
This information is meant to be a general summary of Sheldon Oak Central Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $507
- Program Service Revenue: $2,521,055
- Gross Receipts: $2,735,512
Assets and Liabilities:
- Total Assets: $13,453,585
- Total Liabilities: $5,440,521
- Net Assets: $8,013,064
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,256,784
OTHER FEES
Revenue
$264,271
Organization Details
Founding Year
1969
Phone
(860) 246-0666Principal Officer
Emily Wolfe
Main Address
54 SOUTH PROSPECT STREET, HARTFORD, CT, 06106
Website
www.sheldonoak.orgNTEE Category
Code: L20 - Housing
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